Forex Signal For BTC/USD: Bitcoin Price at Solid $55,000
Forex Signal For BTC/USD: Bitcoin Price at Solid $55,000
The pair will likely continue to rise, apparently, as the bulls target the key resistance at 55,000.
Bull Market Outlook
- Buy BTC/USD and set it to take a profit at 55,000.
- Add a stop-loss at 50,000.
- Timetable: 2 days.
Forex Signal For BTC/USD: Bitcoin Price at Solid $55,000
Bear Market Outlook
- Set a sell-stop at 52,000 and take a profit at 50,000.
- Add a stop-loss at 54,000.
The relentless rally in BTC/USD continued on Tuesday as investors remained optimistic about the sector. Bitcoin has gained more than $22,000 in the past few weeks, with the pair surging to 52,748, which is about 83 percent above the July low this year.
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